Park City Utah Real Estate News - Park City Community News

Park City Real Estate Statistics Report Year End 2015

Park City, Utah – January 26th, 2016

Summit and Wasatch County property prices rise at a steady market pace in 2015

At the end of the fourth quarter of 2015, the year-end statistics reported by the Park City Board of REALTORS® indicated a slow but consistent annual increase in both the number of closed sales and the median sales price for single family homes, condominiums and vacant lots in Summit and Wasatch Counties. The total dollar volume for 2015 was up 10% over 2014, reaching $1.85 billion, with single family homes sales accounting for the highest dollar volume by property type.

Above chart illustrates the Total Number of Units Sold by year from 1999 to 2015.

Above chart illustrates the Median Price of Sold Units by year…

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DEER VALLEY FREESTYLE SKI WORLD CUP EVENT - 2016

The world's best freestyle skiers come back to Deer Valley this winter for the 2016 FIS Freestyle Ski World Cup. If you have never been to one of these events, it is a must see. Watch some of the best athletes in the world, flip, spin, race, and crash in the Freestyle Moguls and Aerials competitions. All events are free to the public.

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Bobsled and Skeleton World Cup in Park City

BMW IBSF BOBSLED & SKELETON WORLD CUP

The Utah Olympic Park welcomes bobsled and skeleton athletes from over 20 countries to this World Cup competition. This is the fifth competition in a series of eight World Cup competitions around the world this winter. Free admission for spectators.

11 am: Women's Bobsled Race
6 pm: 4 Person Bobsled Race

11 am: Women's Skeleton Race
12 pm: Men's Skeleton Race
5 pm: 4 Person Bobsled Race.

>>> Click here to view more info:

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The New Sundance Film Festival eWaitlist for 2016

Not able to secure a Festival Pass or Ticket Package but still want to get in on the fun? We've got you covered - there's lots to do that doesn't require a ticket.

They like to ensure that every seat in every theatre is taken, so prior to the start of each film they sell the open seats to people who have signed up on their eWaitlist. It's a very successful way to see some of the films that sell out early, and they've just made it easier by allowing you to sign up anywhere with an internet connection.

No more waiting in long, cold lines for two hours prior to screening time for a waitlist number! Festivalgoers will now have the ability to receive a waitlist number for a screening via any internet capable device. The…

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Quicksilver Gondola at Park City is Now Open

Above: Views from the ridge looking back to Park City

The highly anticipated Quicksilver Gondola was installed this summer and is now open! The connection between Park City Mountain Resort and Canyons creates the biggest ski resort in the United States, offering 40 lifts, 314 runs and 7,300 acres of skiable terrain.

We took a couple laps on Friday and we would have to say the new gondola connection is pretty cool. The views are amazing and its surprising how quick you can get to the gondola from the Park City side. A simple quick ride up the Crescent chairlift, then down to the bottom of Silverlode, which is the home of the gondola’s Park City side base.

Above: The new Miner's Camp Lodge at Park City Resort

Also located here is the new Miners Camp…

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New Construction Developments at Deer Valley and Canyons Village

These are exciting times to be in Deer Valley and Park City, Utah. Deer Valley Resort® has been a long time top ranking ski resort in SKI magazines reader’s polls and many other ski publications. And now Park City is owned by Vail, has merged with the Canyons resort, and is now one giant ski resort. In fact, it is now the largest ski resort in North America. They have been connecting the two ski resorts into one, and have made numerous grades to the tune of $50 million.

With all the new hype focused on the resorts, it is bringing the opportunity for new real estate developments, specifically luxury ski-in, ski-out communities at Deer Valley and Park City’s Canyons Village. Below we are giving you a sneak-peek of a few new upcoming developments that…

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New Park City Ski Resort Trail Map

Park City Mountain Trail Map - Click to view larger version.

Park city ski resort is moving along quite well with their $50 million of improvements for the upcoming 2015/2016 ski season. Shown above you can see the new trail map that shows the two combined resorts. Park City Mountain Resort and Canyons Resort have now been combined to become Park City Mountain. The new resort will now be the largest ski resort in the country.

The most significant of all the changes and upgrades being completed this summer is the installation of the new Quicksilver gondola. This new gondola is the integral link that will connect both resorts into one giant resort. In the photo below you can see the location of the base of the popular Silverlode chairlift at Park City…

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Park City and Canyons 2015 Expansion and New Connection

Vail Resorts announces the most impactful capital plan in the history of U.S. ski industry with more than $50 million of improvements are planned for next season!

Click on Map to view larger version

Vail Resorts plans to link two of North America’s greatest ski areas – creating the largest resort in the United States with 7,300 acres of skiable terrain. The plan outlines more than $50 million worth of resort improvements in 2015 that include. Already, the EPIC pass allows skiers to choose which mountain to ski for the day, PCMR or Canyons. Soon the resorts will be connected.

The Interconnect Gondola

An eight-passenger, high-speed gondola running from the base of the existing Silver Lift at Park City to the Flatiron Lift at Canyons. When…

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Halloween on Historic Main Street in Park City

The town of Park city loves Halloween. Residents including parents, kids and dogs gather each year on historic Main Street for a safe trick-or-treating location and the KSL Howl-O-Ween Costume Contest. The city closes down Main Street to vehicles and creates a large pedestrian friendly environment allowing for easy and safe trick-or-treating. The Halloween festivities on Park City's Historic Main Street has been named one of the top Halloween celebrations in the country by Travel and Leisure magazine.

Parking:
Main Street will be closed to vehicular traffic at 1:30 p.m. on Halloween, so be sure to remove your car or the police may move it for you. Parking near the Main Street area can be tough so carpool if possible. The China Bridge parking…

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Vail Resorts Updates Park City Lodging Association

The Park City Area Lodging Association recently met with Blaise Carrig, President, Vail Corporation Mountain Division. As you'll see from the highlights below, the future for Park City is positive and we are quite optimistic for what is to come. The purchase of PCMR by Vail has been huge news in the ski industry and even more so for the local's who call Park City home. For investors looking for rental property, vacation homes or just a second home to spend more time, the town of Park City has never been more appealing than now. 

Vail Corporation (NYSE symbol MTN) has three divisions:

Division 1, the Mountain Division is their most profitable.

This operates 11 ski resorts in the US: Vail, Breckenridge, Beaver Creek, and Keystone (Colorado),…

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